Tampa Bay Lightning have begun sale process.

[Fogelhund]

""

Click to read more...

 

[Satan]

Wow

 

[Pierce Hawthorne]

Dude bought the team for $170M in 2010...


What an investment.

 

[Cursed Lemon]

 

[red devil]

From the article for people that haven't read it

As part of the deal, current owner Jeff Vinik — enormously popular in the Tampa region for his work with the team — will retain full operational control of the organization for the next several years. He will continue to have a significant ownership stake as part of the new group.

 

[SomeDude]

Cashing out after b2b Cups just like Mario and co did with the Pens. Smart move.

 

[HockeyVirus]

Tampa fans should be worried. Current ownership has been outstanding and non traditional markets show they can do really well with good ownership, but really struggle if ownership is subpar or worse.

 

[gstommylee]

Tampa fans should be worried. Current ownership has been outstanding and non traditional markets show they can do really well with good ownership, but really struggle if ownership is subpar or worse.

Read the article it doesn't change who's in control over operations of the team.

 

[HockeyVirus]

Read the article it doesn't change who's in control over operations of the team.

For a few years. This is typical in large transactions the buyers want some stability. By the time this current core have retired and the team needs to rebuild he will be long gone.

 

[No Fun Shogun]

Rangers, Hawks, Leafs, Habs, and other huge market owners will all high five each other if a sunbelt team can be sold for that much. That'd shoot up their franchise values even recognizing that the Bolts have more recent success than anyone.

Read the article it doesn't change who's in control over operations of the team.

For only a few years, though.

 

[I Hate Blake Coleman]

Good investment for the owner.

 

[Shane Diesel]

And Ottawa fans thought the sale of the Senators franchise a year ago for $950 was impressive.

The Sun Belt out does them again.

 

[Sheppy]

Bro was playing chess

 

[NVious]

I heard they got an offer from a wealthy Canadian man whose initials are SS, rumor is he plans to fold the team after he buys them and will make the roster participate in a hunger games style tournament to see if they live.

 

[Seanaconda]

""

What kind of roi did this guy get. I don't follow Tampa much but if he is the original guy its probably amazing investment

 

[Fogelhund]

What kind of roi did this guy get. I don't follow Tampa much but if he is the original guy its probably amazing investment

Vinik bought the Lightning for a reported $170 million in 2010.

 

[OurlordAndSaviorKuch]

I am concerned losing Vinik he has been an amazing owner that has cared about this team and built it up to be what it is.

Two billion seems like such a huge valuation? Hopefully the new ownership is just as good but somehow I doubt it.

 

[Rschmitz]

Holding temporary control of operations is just to not spook the fanbase.

I don't like that we haven't heard who is involved in the new ownership group

 

[Fogelhund]

I am concerned losing Vinik he has been an amazing owner that has cared about this team and built it up to be what it is.

Two billion seems like such a huge valuation? Hopefully the new ownership is just as good but somehow I doubt it.

As part of the deal, current owner Jeff Vinik — enormously popular in the Tampa region for his work with the team — will retain full operational control of the organization for the next several years. He will continue to have a significant ownership stake as part of the new group.

 

[OurlordAndSaviorKuch]

As part of the deal, current owner Jeff Vinik — enormously popular in the Tampa region for his work with the team — will retain full operational control of the organization for the next several years. He will continue to have a significant ownership stake as part of the new group.

That just means he is a figurehead/Lame duck. See how it plays out and if the sale even happens.

 

[Jerzey Devil]

Get it while the gettin is good

 

[Sasha Orlov]

Welcome to Arizona!

 

[Mirka the Turka]

Guys what if we all chipped in?

 

[Nogatco Rd]

Whatever happened to the shady Japanese golf course guy? Did he even turn out to be a real person or was that a Keyser Soze situation

 

[Mr Kot]

I'd buy THAT for a dollar!